202 Olivero Road, Modesto, CA 95358, Modesto, 95358 - 2 bed, 1 bath
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Modesto, CA 95358
Analysis of 202 Olivero Road, Modesto, CA 95358 is currently available with a list price of $275,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Modesto Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
The property is 56 years old (built 1968) with no evidence of significant renovations. The listing agent explicitly states that 'land drives the value' and suggests redevelopment. Interior photos show outdated systems including wall heaters and window AC units, popcorn ceilings, and a highly dated kitchen, meeting the criteria for land-value-only redevelopment.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 29525, living area = 952.
The property features a massive 0.67-acre lot, offering rare and extensive space for RV/boat storage, gardening, or the construction of additional structures.
Zoned Rural Residential (R-A), this site provides significant upside for investors to add an ADU, expand the existing home, or redevelop the land entirely.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =29525, other record lot size in square feet = 29185.
The existing 1968 structure is noted to need work, implying that immediate capital improvements and renovations are required to make the home move-in ready.
At just 952 square feet, the current living area is quite limited, which may necessitate a costly expansion to accommodate larger families or modern living standards.
Investors! This is the Best Deal in Modesto for Land & Potential! Sitting on a huge 0.67-acre lot, this is a rare opportunity where the land drives the value. The 2-3 bed, 1-bath home (952 sqft), needs some work, but the upside is in what this property can become. Just under 3/4 of an acre, there's space to expand, build out, or redevelop (buyer to verify with county planning). Enclosed patio addition can be used for workshop or extra storage. Plenty of room for structures, ADU, RV/boat, additional storage, gardening or future projects. Property is zoned for Rural Residential (R-A) with the County. Come see the potential before it's gone!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 9% |
| Baths | 1.0 | 2.0 | 22% |
| Square foot | 952 | 1,466 | 13% |
| Lot Size | 29,525 | 7,825.5 | 72% |
| Price | $275.0K | $449.0K | 13% |
| Price per sq ft | $289 | $322 | 28% |
| Built year | 1968 | 1968 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 46 | 197 | 3% |
May 8, 2026
$275,000
$350,000
-21% Price Drop
Initial Listing
Apr 21, 2026
$350,000
Initial Listing
Oct 16, 2002
$125,000
Public Record